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Zimbabwe's Prime Minister Blames Poisoned Political Environment for Economic Woes

Zimbabwean Prime Minister Morgan Tsvangirai has blamed “bad politics and a poorly crafted empowerment law” for largely scaring away potential investors.

Addressing investors in Tokyo, Japan Wednesed at the Zimbabwe Investment Conference, Mr Tsvangirai castigated his ruling partner Zanu-PF party of President Robeert Mugabe for the way it is implementing the indigenization law saying it is causing anxiety within investors.

The Prime Minister said his party has managed to mitigate the excesses of this law, adding that the only way to end the policy discord is a new government produced by a free and fair poll supervized by the Southern African Development Community.

Mr Tsvangirai urged Japanese business people to consider investing inZimbabwes mining, agriculture, tourism, manufacturing and technology sectors.

Economist Callisto Jokonya, a former president of the Confederation of Zimbabwe Industries, told VOA that the unity government has become stagnant.